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Though it’s starting to level out, the Canadian housing market can seem intimidating for some first-time buyers. If you’re willing to be creative, these tips might just help you gain a foothold, getting you that much closer to signing off on your dream home. Take a peek:

Use your RRSP. If you’re a first-time buyer and you have money saved in an RRSP (Registered Retirement Savings Plan), look into the RRSP Home Buyer’s Plan, which allows you to withdraw up to $25,000 to go toward buying a home. The money you use is tax-free, which is a nice bonus too! You will, however, be required to replace the money in your RRSP within 15 years, normally in regular instalments.

Look for rental income opportunities. Studies show that millennial homebuyers are more likely than any other generation to consider renting part of their home out—and for good reason! Buying a home with a built-in landlord opportunity can be a great way to bring in passive income. If you’re buying a house, this might include looking at a duplex, or a traditional house with a basement apartment. If you’re buying a condo or a townhome, consider renting it out for the short-term using platforms like Airbnb or Expedia, perhaps on long weekends or during your own vacations. Just make sure that you meet local requirements, especially those imposed by condos.

Take advantage of co-owning. In Canada, more people are considering the option of buying a home with someone else. Not only does this divvy up the down payment, but it means having a partner to share regular maintenance tasks and monthly costs with. This could look like two friends buying a condo together, or even two families buying a home and turning it into two separate suites. If you’re willing to compromise on space a little, the options are endless!

Getting into the Canadian housing market doesn’t always mean being a billionaire. With some flexibility and a little creativity, you can still find your dream home or next investment opportunity.

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